by Flexible hybrid electronics combine the functionality of printed electronics and semiconductor components on flexible plastic or polymer substrates for applications ranging from wearables and internet of things. Flexible hybrid electronics provide advantages like mechanical flexibility, lightweight, durability and cost-effectiveness. Products associated with flexible hybrid electronics market include printed sensors, batteries, displays and circuits which can conform to non-planar surfaces or stretch, relaxing constraints of conventional printed electronics that rely entirely on printing conductive inks on stretchable substrates.
The global Flexible Hybrid Electronics Market is estimated to be valued at US$ 160.85 Bn in 2024 and is expected to exhibit a CAGR of 24% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The emergence of printed and flexible electronics is a key trend propelling the flexible hybrid electronics market. Printed electronics makes it possible to print flexible circuits and components like sensors, displays and batteries on plastic or polymer substrates instead of silicon. This enables manufacturing of flexible and low-cost electronics for integration into wearables, internet of things devices and other applications requiring mechanical flexibility and conformability. Development of advanced printing techniques is also enhancing capability to print diverse functional materials like conductors, dielectrics and semiconductors required for flexible hybrid circuits and components in a single step.
SWOT Analysis
Strength: Flexible hybrid electronics has the ability to offer innovative designs and features that is lightweight, flexible and can be integrated into various form factors.
Weakness: High costs associated with manufacturing flexible hybrid electronics. Lack of standardized fabrication processes.
Opportunity: Growing demand for wearables, Internet of Things devices provide opportunities to integrate flexible electronics. Emerging applications in healthcare sector.
Threats: Stiff competition from established players in electronics industry. Risks of technology getting outdated rapidly.
Key Takeaways
The Global Flexible Hybrid Electronics Market Size is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis: The Asia Pacific region dominates the global market currently due to presence of key players and growing demand for wearable devices. Countries like China, South Korea and Japan account for majority of market share in the region currently.
Key players operating in the flexible hybrid electronics market are Seres Therapeutics, Biomesense, Microbiotica, Infant Bacterial Therapeutics AB, Vedanta Biosciences, Inc., Second genome therapeutics, 4D Pharma Ferring Inc, Enterome, BiomX, MaaT Pharma, Azitra, Illumina, Inc, Locus Biosciences, Inc, Finch Therapeutics Group, Inc, Rebiotix Inc, Servatus Ltd, Microbiome Research Pvt. Ltd, AOBiome, Axial Therapeutics, Inc, Biomica.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
